Lloyd's of London targets Islamic insurance market
Lloyd's of London has set its sights on Islamic insurance, known as takaful, to strengthen its push into emerging markets…
Islamic Finance
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Kingdom prioritizes investment to achieve growth: Al-Assaf
Dr. Ibrahim Abdulaziz Al-Assaf, Minister of Finance said the Kingdom is giving priority to investment programs in the field of…
Middle East Sukuk Investors Allocated only 2% of Malaysian 30Y Sukuk
It was interesting to observe Middle East buyers taking up only 2% of the 30 year sovereign Sukuk issued by…
OnIslam & Newspapers
In a bid to further benefit from the Islamic finance system, two leading Qatari banks and Chinese brokerage Southwest Securities…
Customer deposits surge at Oman Islamic banks
Oman's two full-fledged Islamic banks have yet to post a profit but their customer deposits are surging, increasing pressure on…
Dubai's DIB posts 33.9% jump in Q1 net profit
Dubai Islamic Bank, the United Arab Emirates' largest sharia-compliant lender, reported a 33.9 percent increase in first-quarter net profit on…
Some banks win, some lose in Dubai's "Islamic economy"
Dubai's drive to develop its Islamic finance sector is fuelling growth of sharia-compliant banking but the benefits are unevenly distributed,…
Australia's Waratah Resources to launch Islamic commodities venture
Sydney-based Waratah Resources Limited plans to launch an Islamic commodities trading business as it shifts focus from Asian markets to…
Turkey's Alkhair Capital plans expansion, eyes Islamic bond advisory
Turkish Islamic asset manager Alkhair Capital plans to launch new funds this year and will start a service to advise…
Islamic ETFs adding potential to portfolios
Triggered by rapidly growing demand for Islamic financial instruments, Shariah-compliant exchange-traded funds (Islamic ETFs, or iETFs) are beginning to add…
Dubai Islamic Bank Group 1st Quarter 2015 Financial Results
Dubai Islamic Bank, the first Islamic bank in the world and the largest Islamic bank in the UAE by…
Albaraka Turk closes $268 million syndicated Murabaha financing
The bank said in a statement to the Istanbul Bourse that ABC Islamic Bank, Emirates NBD Capital, Kuwait International Bank,…